CONTRACT OF LEASE

KNOW ALL MEN BY THESE PRESENTS:

This CONTRACT OF LEASE is made, executed and entered into by and

between:

FATIMA EZRA ELLE L. TORREON, a minor, Filipino, and herein

represented by her father, ATTY. ISRAELITO P. TORREON, of legal age,
Filipino and a resident of Unit 5319, One Oasis Building, Eco-west Drive,
Ecoland, Davao City, Philippines hereinafter referred to as the “LESSOR”;

- AND -

ERNESTO D. RENOY JR., of legal age, Filipino and a resident of Purok

9, Phase 3 Dona Asuncion Village Pampanga, Davao City, Philippines
hereinafter referred to as the “LESSEE”;

WITNESSETH THAT:

WHEREAS, the LESSOR is the absolute owner of a house and lot located
at Tennessee Homes Subd., Brgy., San Agustin, Digos City, Davao del Sur;

WHEREAS, the LESSEE is desirous of leasing the above-mentioned

property from the LESSOR;

NOW THEREFORE, for and in consideration of the foregoing, the parties

hereby agree to execute this contract subject to the following terms and
conditions, to wit:

1. This CONTRACT OF LEASE shall be for a period of six (6) months to

commence on the 9th day of April 2019 until the 9th day October of
2019;

2. Thereafter, should the LESSEE wish to continue the lease with the same
term, the parties shall execute a contract anew. Otherwise, the lease
contract shall exist on a month to month basis only;

3. The monthly rent shall be SIX THOUSAND PESOS (P6,000.00). This

shall be payable on or before the 15th day of every month and thereafter
without need of further demand;

4. By signing this Contract, the LESSOR acknowledges receipt of the one (1)
month deposit in the amount of SIX THOUSAND PESOS (P 6,000.00)
and one month advance in the amount of SIX THOUSAND PESOS
(P6,000.00);

5. The one-month deposit shall be refundable to the LESSEE upon the

termination of this Contract, less deductions for damages on the leased
property during the stay of the lessee or payment necessary payables for
utilities, should there be any;

6. It is hereby agreed and understood that the one-month deposit shall

cover for the payment of any damage that may have been incurred in the
course of renting the property or payment necessary payable for utilities.

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 Furthermore, if there be damage on the subject premises, the repair shall
be based on current market price of the materials and labor;

7. It is hereby agreed and understood that vandalism shall not be allowed

inside the premises and the same shall be considered as damages.
Furthermore, piercing in the walls by a nail, screw or any sharp object
shall not be allowed and the damage caused thereby shall be paid by the
lessee. Minor repairs shall be for the LESSEE’s account;

8. The LESSEE is allowed to install one (1) unit of window-type air-

conditioner in one of the bedrooms, provided that the same will not
damage the integrity of the room structure;

9. The LESSEE shall pay for the electric and water bills due. Other utilities,
such as internet and telephone connections shall also be for the account
of the LESSEE. Upon termination of this Contract, the LESSEE shall
show proof to the LESSOR that he has paid all the existing utilities for
the said month before leaving the premises. Without such proof, the
LESSOR shall have the right to set-off any account payables to the one-
month deposit mentioned in the immediately preceding paragraph;

10. The LESSEE shall not make any alterations or improvements on the
property without the written consent of the LESSOR. Should the LESSEE
consent thereto, the lessee agree that upon the termination of the
contract, the said improvements shall automatically be considered the
lessor’s property without need of reimbursement, unless the same can be
removed from the property without damaging or defacing the property;

11. The leased property shall only be used as residence and for no other
purpose unless the LESSEE secures the LESSOR’s consent in writing.
Should the property be used for another purpose, the lessor shall have
the option to cancel this Contract (forfeiting the one-month deposit) or to
increase the rent accordingly;

12. Sub-letting is strictly prohibited;

13. The LESSEE shall maintain the property in clean and sanitary
conditions, free from obnoxious odors, disturbing noises or other
nuisance;

14. Upon termination of the lease, the LESSEE shall surrender the property
in good condition as it was actually found when it was turned over at the
start of the Contract;

15. Any dispute arising from this Contract shall be litigated in Davao City
only.

IN WITNESS WHEREOF, the parties have hereunto set their hands this
___________________, at Davao City, Philippines.

ATTY. ISRAELITO P. TORREON

LESSOR
For
FATIMA EZRA ELLE L. TORREON

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 ERNESTO D. RENOY JR.
LESSEE

Signed in the presence of

__________________________ and ___________________________

AKNOWLEDGMENT

REPUBLIC OF THE PHILIPPINES)

Davao City……………..…………….)S.S.

BEFORE ME, a Notary Public for and in the City of Davao, Philippines,
this ____________________, personally appeared the following persons with their
respective competent evidence of identity, to wit:

NAME ID PRESENTED ID NUMBER

ATTY. ISRAELITO P. TORREON TIN 186-746-820-000

ERNESTO D. RENOY JR. Non-Professional L02-02-174631
Driver’s License

All known to me to be the same persons who executed the foregoing

instrument and they acknowledged to that the same are their own and
voluntary act and deed.

This instrument refers to a Contract to lease consisting of three (3) pages

including this page in which this acknowledgment is written, duly signed by
the parties together with their respective instrumental witnesses on each and
every page hereof.

WITNESS MY HAND AND SEAL, on this date and place above written.

Doc. No: ______;

Page No: ______;
Book No. ______;
Series of 2019.

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